Table 6 The social capital mechanism results.

From: The impact of financial resilience on farmers’ entrepreneurial decision-making

Variable

(1)

(2)

(3)

Explained variable: EDM

Mediating variable: Social capital

Explained variable: EDM

FR

0.329***(0.123)

0.544***(0.071)

0.249**

(0.125)

Social capital

  

0.148**

(0.062)

Individual controls

Yes

Yes

Yes

Household controls

Yes

Yes

Yes

Regional controls

Yes

Yes

Yes

Observations

942

942

942

Adjust_R2

0.039

0.088

0.032

  1. ***, **, and * signify statistical significance at 1%, 5%, and 10% confidence levels, respectively. Standard deviations are reported in parentheses.